Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) finished Thursday with a subtraction of -$0.03 to close at $0.29, a downside of -6.89 percent. An average of 24,267,160 shares of common stock have been traded in the last five days. There was a fall of -$0.0920 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 44,520,980 shares traded, while the 50-day average volume stands at 32,235,918.
FFIE stock has decreased by -17.31% in the last month. The company shares reached their 1-month lowest point of $0.2450 on 12/07/22. With the stock rallying to its 52-week high on 07/18/22, shares of the company touched a low of $0.25 and a high of $7.85 in 52 weeks. It has reached a new high 4 times so far this year and lost -94.48% or -$5.0266 in price. In spite of this, the price is down -96.26% from the 52-week high.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
The quick ratio of Faraday Future Intelligent Electric Inc. for the three months ended September 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.19 and a total debt to equity ratio of 0.26 for the quarter ending September 29. Its gross profit as reported stood at $46.84 million compared to revenue of $354.15 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Faraday Future Intelligent Electric Inc.’s return on assets was -70.40%.
For the three-month period that ended September 29, Faraday Future Intelligent Electric Inc. had $44.53 million in cash and short-term investments compared to $46.95 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$103.38 million in the quarter, while revenues of -$141.69 million were shrunk -193.97%. The analyst consensus anticipated Faraday Future Intelligent Electric Inc.’s latest quarter earnings to come in at -$0.37 per share, but it turned out to be -$0.31, a 16.20% surprise. For the quarter, EBITDA amounted to -$75.13 million. Shareholders own equity worth $450.26 million.
From a technical analysis perspective, let’s take a brief look at Faraday Future Intelligent Electric Inc. (FFIE) price momentum. RSI 9-day as of the close on 29 December was 37.71%, suggesting the stock is Neutral, with historical volatility in this time frame at 167.02%.
As of today, FFIE’s price is $0.3274 -23.87% or -$0.0920 from its 5-day moving average. FFIE is currently trading -8.63% lower than its 20-day SMA and -89.52% lower than its 100-day SMA. However, the stock’s current price level is -44.28% below the SMA50 and -92.74% below the SMA200.
The stochastic %K and %D were 13.54% and 18.71%, respectively, and the average true range (ATR) was 0.0670. With the 14-day stochastic at 6.38% and the average true range at 0.0708, the RSI (14) stands at 40.24%. The stock has reached -0.0294 on the 9-day MACD Oscillator while the 14-day reading was at -0.0706.
The Benchmark Company downgraded Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy.